Mar 5 Porche’s blockchain gear

Porsche is busy testing blockchain directly in its cars. The high-end German automaker says it is aiming to become the first manufacturer to implement the technology in a car – and right now that means locking/unlocking a vehicle via an app and authorising temporary access.

“This could be developed further, for example, to improve autonomous driving functions,” Porsche says.

What’s this about?

For the uninitiated, blockchain – the basis for cryptocurrencies such as Bitcoin – is a protocol for data transactions between partners, with each and every deal. recorded in transparent and tamper-proof data blocks.

“We can use blockchain to transfer data more quickly and securely, giving our customers more peace of mind in the future, whether they are charging, parking or need to give a third party, such as a parcel delivery agent, temporary access to the vehicle,” says Oliver Döring, financial strategist at the company.

How will it be done?

Porsche has joined forces with German start-up Xain which has developed a number of blockchain and artificial intelligence solutions, with a focus on intelligent industrial applications. The outfit was the winner last year of the first Porsche Innovation Contest.